6 Reasons to Implement Powerful SaaS Budgeting Software
SaaS budgeting software helps public sector organizations improve the budgeting process by...
2021 drove home the need for grant modernization in a new and urgent way.
As government grant administrators have learned, managing grants through spreadsheets, legacy systems, and paper-based processes was implausible with the pandemic forcing many to move their workforces online. And as future emergencies arise that stress the system, managing grants through Excel and paper-based processes is no longer sustainable, leading to more human error, single audit findings, and costs down the road.
In our latest webinar, attendees heard from eCivis’ Certified Grant Management Specialist, Maria Howeth, about how to standardize approaches, leverage automation, and modernize their grant processes to be equipped for today’s crises and for long-term economic recovery.
Click here to watch the full webinar on demand.
Year-over-year, the number of grant programs and dollar amounts increase while funding distributed also increases. At the same time, there’s been a significant decrease in the amount of resources to effectively and efficiently manage these funds.
A recent Center for Digital Government (CDG) survey found state and local governments experience a variety of operational challenges and resource constraints. The findings include:
1. Centralize the tracking and management of grants
2. Digitize reporting and documentation
By moving grant management online, it’s easier to track different funding streams, i.e. blended and/or braided funding while streamlining the search and/or intake of funding.
More importantly, a grant management system can enable electronic documentation of every state of the grant life cycle–resulting in better tracking of spending and preparation with digital records when it’s time for the single audit.
3. Automate compliance with 2 CFR 200
Having electronic documentation is key to making sure your grant programs are aligned with Uniform Guidance 2 CFR 200.
By going digital, it becomes easier to track grantee history (if you’re awarding grants), performance, and risk profiles in a central location. Additionally, you can track spending, payment, and impact of grants by aggregating performance data across departments and programs.
4. Alleviate administrative burden by having controls in place
When responsible for grant dollars and federal funding, internal controls are a must. The most important type of internal controls include:
If you need help alleviating your administrative burden and are interested in going digital for your grant management, don’t hesitate to reach out! Our Certified Grant Management Specialists like Maria are ready to help address any questions you have.
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